Gores Holdings X, Inc. is a Delaware-incorporated special purpose acquisition company (SPAC) formed by The Gores Group, a private equity firm headquartered in Los Angeles. The company completed its initial public offering on the Nasdaq in August 2021, issuing units that trade under the ticker GTENU. As a blank-check vehicle, Gores Holdings X does not operate an active business but instead holds funds in trust pending the identification and completion of a qualifying business combination.
Through its SPAC structure, Gores Holdings X seeks to combine with one or more businesses in sectors where The Gores Group has demonstrated expertise, including technology, tech-enabled services and industrial technology. The company’s sponsors draw on decades of deal-making experience to source targets that offer strong market positions, potential for operational improvements and sustainable growth trajectories. Gores Holdings X may pursue opportunities across North America, Europe and other developed markets.
The SPAC is led by a management team with extensive backgrounds in private equity, mergers and acquisitions, and operational transformation. Alec Gores, the founder of The Gores Group, serves as a key sponsor and strategic advisor, leveraging his track record of taking companies public and guiding them through value-creation initiatives. The leadership team evaluates prospective targets through a disciplined investment process, aiming to align long-term shareholder value with operational performance.
Until it completes a business combination, Gores Holdings X remains focused on fulfilling the criteria set forth in its charter, including conducting thorough due diligence on potential acquisition candidates and obtaining shareholder approval for any merger transaction. Upon closing a qualifying deal, Gores Holdings X will transition from a SPAC structure to an operating company, merging its capital base and management expertise with the acquired business to drive future growth.
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